Exported electronic goods to be imported duty-free for repairs: CBIC

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The Government has relaxed the norms for exported electronic goods, like mobile phone, colour TV, certain medical devices, which need to be imported back for repairs. As per the notification issued by the Central Board of Indirect Taxes and Customs (CBIC), these goods can be imported duty-free with the condition that they will be re-exported
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 A faster rise in exports and slightly slower growth in inbound shipments led to India’s trade deficit reducing in August from a six-month high in July. The trade deficit in August was $17.4 billion, compared to $18.2 billion in July. This was due to slower growth in the crucial crude oil import bill, which rose
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In what is seen to be an end to the Indian monopoly as a transit point for Nepalese trade, China has agreed to allow the Himalayan nation to use four of its sea ports and three land ports for third Country trade. Nepal can use Shenzen, Lianyungang, Zhanjiang and Tianjin, reports said. Tianjin is the
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Forty years ago, on September 13, 1978, Mr Jacques R. Saadé launched the first maritime line between Marseilles and Beirut, with only one ship and 4 employees. This day marked the beginning of an extraordinary humane and entrepreneurial adventure. 40 years later, CMA CGM has become a recognised world leader, with 34,000 employees and a presence in
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The countdown for FIATA World Congress 2018 has started with delegate registration reaching at its peak that expected to be more than 1000 from across the World. Being hosted by the Federation of Freight Forwarders Associations in India (FFFAI) from September 26-29 at Pullman-Novotel Hotel in Aerocity, New Delhi. The first ever international logistics conference
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 Tulsidas Khimji Pvt. Ltd. (TK), one of India’s oldest Customs Broker & Freight Forwarder and now evolved into global logistics services through PAN India presence and worldwide network have crossed another milestone in their long journey by being certified as an Authorised Economic Operator (AEO) by the Central Board of Excise and Customs. The AEO
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The parties plan to establish a long-term partnership to jointly develop, finance and implement a project to create a LNG-fueled icebreaker fleet. The units would support Novatek’s Arctic projects in frozen areas along the Northern Sea Route. The agreement also includes building port fleet and supply vessels. “We already have successful experience of working with
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A 78-year-old man was evacuated from the Liberian flagged crude oil tanker Evrotas in the evening hours of September 12. According to details provided by the US Coast Guard, the man was suffering from chest pains while the tanker was sailing near Ambrose Channel, New Jersey. Watchstanders at the Coast Guard Sector New York command center received
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Russian shipping firm Sovcomflot has entered into a cooperation deal with the Bank for Development and Foreign Economic Affairs (Vnesheconombank) and VEB Leasing related to shipbuilding projects. Under the trilateral agreement, which was signed on September 12, 2018, the parties would jointly participate in the implementation of shipbuilding projects at Russian shipyards and import substitution projects.
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The Maritime Union of Australia has raised concerns over unsafe working conditions at the Victoria International Container Terminal (VICT). Namely, the trade union’s Deputy National Secretary Will Tracey informed that a rise in work hours and inadequate manning has led to an unsafe workplace. MUA raised “fears of an imminent fatality”following five accidents in quick succession at the
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